Ulaanbaatar
Oyu Tolgoi marks second anniversary of export commencement
Economy | MiningUlaanbaatar /MONTSAME/ Oyu Tolgoi marked July 9 the second anniversary of its first shipment being dispatched from site for export. The first batch of copper concentrate was shipped from Oyu Tolgoi on July 9 of 2013.
Speaking to members of the workforce at Shaft 1 at Oyu Tolgoi–one of the main surface sites of the underground mine–Oyu Tolgoi president and CEO Andrew Woodley said,"The past year has been one of transformation–taking Oyu Tolgoi from an emerging operation, to a world-class Mongolian business that is raising the bar not only at home, but around the world.
"Our relationship with our partner communities – built on a foundation of mutual trust and respect – is deeper than ever before. I am confident that – together – we are well on the way towards achieving a relationship that provides truly sustainable development in the long term.
"However, the world is going through major structural shifts and the commodities markets – which we serve – have been under significant pressure. It is critical that we continue to adapt our business position to focus on cashflow, bring down costs and maximize productivity.
"We have a long road ahead, but while it may not always be easy, it is one full of opportunity. Our people are our greatest asset, and working together – with a total commitment to our own, and each other’s safety – we will deliver on our potential and our promise.
"I am tremendously excited to set out on this journey with the Oyu Tolgoi family, and our many partners and stakeholders.”, he said as reported by Oyu Tolgoi official website.
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